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In China, housing prices soar as regulators get nervous about defaults

Posted on 22 April 2013

Housing prices rose in 68 out of the 70 cities monitored by the National Bureau of Statistics in the month of March. Mid-size Wenzhou was the only city on the list to experience a price dip last month. And now regulators are starting to get nervous.
A vice-chairman from China’s Banking Regulatory Commission warned last week that risks related to property loans remain high, and said that regulators vowed to keep a close watch on lending………………………………………..Full Article: Source


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